Family Offices and High-Net-Worth Individuals Pay More Attention To Crypto
Do people think cryptocurrency is a bubble that can disappear at any time? Or do they think it has a huge potential that gives a great opportunity to invest? It is very important because based on that, they will make their move.
KPMG China and Aspen Digital's recent study revealed that 60% of high-net-worth individuals and family offices from Hong Kong and Singapore are positive about cryptocurrency. They allocated some portion of their investment to crypto. More people are getting involved in crypto day by day.
Goldman Sachs has done a study about family offices' investment strategy recently. They considered 166 family offices in the Americas, Asia-Pacific (APAC), the Middle East and Africa, and Europe. They intended to figure out their investment strategy and how it has changed over a couple of years. 16% of family offices made investments in crypto assets in 2021. Now 26% of them have invested in cryptocurrency.
People change their mindsets about how they see crypto. They see the potential and make investments in cryptocurrency. It is also revealed in Goldman Sachs's study that 32% of family offices have some sort of exposure to crypto.
No one can overlook the innovation and development in the crypto space if they have an open mind. Now it is clear that crypto asset is not something that will go out of the picture tomorrow. How you see crypto, that is important.
Crypto gives a good opportunity for any investor to build wealth outside of the existing financial system. They think it is better to allocate a certain portion of their capital to crypto. No investor wants to miss out on capturing the upside of crypto.
You can easily notice the high volatility and risk. The movement of price seems unusual. But that's normal in the crypto market. Despite high volatility, the trend of the market is positive considering the longer time frame. The crypto market goes up in the long term.
People make investments in stocks. There are uncertainties and risks in the stock market as well. You can say the stock market is not as volatile as the crypto market. Since crypto is different, you have to think about crypto assets differently.
People are getting more exposure to crypto directly or indirectly. People are smart and they choose what is better for improving their finances. The adoption of cryptocurrency is on the rise in spite of crypto crackdowns and new regulations.
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Reference: 1.
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The knowledge about crypto currency is growing every day. With the idea of how crypto works I believe everyone who has great investment goals will never fail to key in crypto journey.
The more people know about crypto and what it offers, the more people get into cryptocurrency.
Yeah!
You are right
The crypto space is a place that can earn or lose a lot of money so they are looking at it in terms of an investment. I think it's a good thing for us and the adoption of crypto is just a matter of time.
That's a positive sign. I do think the adoption of crypto is just a matter of time.